Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, NetThe Company carried out interim impairment tests of its long-lived assets pursuant to ASC 360 - Property, Plant, and Equipment, and its goodwill in accordance with ASC 350 - Intangibles - Goodwill and other. No impairment losses were recorded for the long-lived assets or goodwill as of June 30, 2023. See Note 2, "Summary of Significant Accounting Policies," for additional information.

The components of intangible assets and accumulated amortization are as follows (in thousands):


	As of June 30, 2023
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Goodwill:
Goodwill from acquisitions		$	120,948	$	—	$	120,948
Finite-lived intangible assets:
Developed technology	1.3 years	$	13,200	$	(9,428)	$	3,772
Customer relationships	5.7 years	7,507		(3,181)		4,326
Launched in-process research and development assets	3.2 years	960		(336)		624
Total finite-lived intangible assets		$	21,667	$	(12,945)	$	8,722
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	2,224		—		2,224
Total infinite-lived intangible assets		2,224		—		2,224
Total intangible assets		23,891		(12,945)		10,946
Total goodwill and intangible assets		$	144,839	$	(12,945)	$	131,894


	As of December 31, 2022
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Goodwill:
Goodwill from acquisitions		$	120,948	$	—	$	120,948
Finite-lived intangible assets:
Developed technology	1.8 years	$	13,200	$	(8,035)	$	5,165
Customer relationships	6.1 years	7,507		(2,677)		4,830
Launched in-process research and development assets	3.7 years	960		(240)		720
Total finite-lived intangible assets		$	21,667	$	(10,952)	$	10,715
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	2,224		—		2,224
Total infinite-lived intangible assets		2,224		—		2,224
Total intangible assets		$	23,891	$	(10,952)	$	12,939
Total goodwill and intangible assets		$	144,839	$	(10,952)	$	133,887

Amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2023 was $1.0 million and $2.0 million, respectively, and was included in depreciation and amortization in the accompanying unaudited condensed consolidated statements of operations. Amortization expense related to finite-lived intangible assets for the three and six months ended June 30, 2022 was $1.1 million and $2.0 million, respectively.

The table below presents estimated future amortization expense for finite-lived intangible assets as of June 30, 2023 (in thousands):


	Amount
Remainder of 2023	$	1,975
2024	3,462
2025	802
2026	754
2027	610
Thereafter	1,119
Total	$	8,722